GKN 2012 Profit Up 19%

GKN

reported a 19% increase in its full-year profit. GKN's 2012 pretax profit surged to 497 million pounds ($750.94 million). Its revenue rose 13% to 6.9 billion pounds. However, analysts were expecting a pretax profit of 441.5 million to 536 million pounds. GKN shares closed at $3.81 yesterday.